International Property Investment

Dubai Property Prices Jump 7 Percent

Mark Knowles — Tue, 03 Nov 2009 16:11:06 +0000

Or 9% !!!!!!!!!!!!!! or 30%!!!!!!!!!!

More bad news from Dubai. According the the Financial Times, Property prices in Dubai only jumped 7 percent in one quarter as “demand revived” and “lending conditions eased.” Quite who is expected to believe this sort of nonsense is beyond me.

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Australian Property Investors and Australia’s Population Surge.

Elisabeth Sowerbutts — Mon, 02 Nov 2009 03:07:47 +0000

It appears official – Australia’s government wants Australia to grow to a total population of around 35 million by 2049. Not exactly huge, compared to many other countries – but a little scary for some Australian’s who will tell you straight faced the country is running out of resources to support the 20 odd million people it has now. I say they need to get out more. And Australian property investors should take note.

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Cowboy Estate Agents in Cyprus – Avoiding the Fraudsters

Martyn Shuttleworth — Fri, 30 Oct 2009 23:43:05 +0000

There have always been cowboy estate agents in Cyprus, parasites who will constantly lie and cheat in a attempt to deprive you of your hard-earned money. At best, some of them are simply underqualified, out of their depth and almost completely inept. At the other end of the scale are the professional sharks, who often work with lawyers and officials to make sure that you are doubly shafted.

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Abu Dhabi- property investment market

Mark Knowles — Fri, 30 Oct 2009 15:44:28 +0000

Abu Dhabi, the capital and the second largest city in United Arab Emirates, has recently witnessed a series of rapid developments. The economy, which is mainly dependant on hydrocarbons for its economic wealth, has one of the highest GDP per capitas in the world. Abu Dhabi also has the largest share of oil reserves in the UAE; 95% of oil reserves and 92% of the gas. In order to diversify its economy, the UAE government has taken large steps to encourage oil revenue investments in manufacturing, tourism, agricultural and real estate industries to limit its dependence on the finite resource of oil.

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Most Landlords Willing to Discount Rent to Aid Cash-Strapped Tenants, Says The National Association of Independent Landlords

Mark Knowles — Wed, 28 Oct 2009 13:37:24 +0000

More than two-thirds (69%) of smaller, independent landlords will reduce rents to help tenants remain in their homes, according to The National Association of Independent Landlords.

Nearly one-third of these landlords (32%) say they have lowered rents over the past 18 months, according to an informal survey of association members released today.

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Property Investment Companies

Mark Knowles — Tue, 27 Oct 2009 16:37:56 +0000

There seems to be a dearth of trustworthy property investment companies at the moment. Our email inbox has been inundated with spam recently as property investment companies go belly up and sell their mailing lists to the highest bidder. This seems particularly prevalent amongst the Dubai based companies where the level of desperation is high.

Bank Goes From Reluctant Seller to Patient Investor With the First C5 Asset Recovery Company

Mark Knowles — Tue, 27 Oct 2009 12:15:54 +0000

C5 Advisors announced the closing of the first proprietary C5 Asset Recovery Company (”ARC5(TM)”) for an $800 million commercial bank client which had no options for public sector assistance. This particular bank client will realize significant benefits not available in the current market via the private or public sector and expects to close additional follow-up ARCs over the next 6 months. C5 is currently structuring ARCs for 12 other banks nationwide (ranging in size from $20-300+ million per ARC5(TM)).

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Australian Property Investors – Keep An Eye on WA’s Next Boom

Elisabeth Sowerbutts — Mon, 26 Oct 2009 01:45:51 +0000

The Western Australian government is so worried about the impact of the next boom on the state’s property prices that they are running an emergency meeting including State government officials and developers to consider how the state is going to avoid a repeat of the last property price bubble in Western Australia.

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Green Property Development in Greece – Is a Sustainable Economy Viable?

Martyn Shuttleworth — Sat, 24 Oct 2009 18:14:43 +0000

The new Prime Minister of Greece, Georges Papandreou, made a powerful statement of intent when he announced that the Greek government would be seeking to push through its first green property development in Greece. Whilst visiting the Ilia prefecture, home of the site of Ancient Olympia and a region devastated by fires two years ago, the PM announced a scheme to completely redevelop the area and make it into a showpiece for sustainable development.

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Dubai Property Investment News Oct09

Mark Knowles — Fri, 23 Oct 2009 11:02:53 +0000

With the end of Cityscape Dubai, Nakheel is planning on another 500 job losses according to “The Independent,” newspaper.

Nakheel, the state-owned Dubai property group that was responsible for the iconic Palm Jumeirah artificial island, is set to make as many as 500 redundancies now that the Emirate’s “Cityscape Dubai 2009″ show is over. Announcements are expected in the next few days, a consequence of fallout from the global financial crisis. Dubai property values have fallen 50 per cent in a year. The company said last night: “Nakheel continues to evaluate its projects and commitments against market conditions and opportunities. In doing so, the company also evaluates its cost base and efficiencies.” Ratings agency Standard & Poor’s said Dubai needs to raise another $10bn (£6.3bn) for its economic support fund, to prop up government-related companies. The independent.

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